Macmahon secures $90m extension

The Mount Monger operations comprise the Daisy, Mount Belches and Aldiss mining centres and the Randalls processing facility.
The Mount Monger operations comprise the Daisy, Mount Belches and Aldiss mining centres and the Randalls processing facility.

Macmahon Holdings (ASX: MAH) has been awarded a two-year contract extension by Vault Minerals (ASX: VAU) at the Daisy Milano gold mine within its Mount Monger, WA, operation.

Macmahon has been providing underground mining services at Daisy Milano since acquiring the contract earlier this year, including mine development, production charging and load and haul services.

The two-year contract extension to October 2026 is expected to add approximately $90m of revenue towards Macmahon’s secured orderbook and will utilise existing fleet as required for the project.

Macmahon chief executive and managing director Michael Finnegan comments on the extension.

“We are delighted to continue working with the team at Daisy Milano and building on our valued relationship with Vault Minerals,” he said.

“We are focussed on continuing to drive safety and performance outcomes for our client.”